The Mainstream Media Admits We Are In “An Auto Recession” – And It Just Continues To Get Worse
The global auto industry plunged deeper into recession in 2019, with sales dropping more than 4% as carmakers struggled to find buyers in China and India. The pain is likely to continue this year.
The number of vehicles sold across major global markets dipped to 90.3 million last year, according to analysts at LMC Automotive. That’s down from 94.4 million in 2018, and well below the record 95.2 million cars sold in 2017.
Here in the United States, people keep trying to tell us that the economy is in good shape, but last year auto sales fell here too…
Nonseasonally adjusted passenger car sales in the U.S. for 2019 declined 10.9% to 4.7 million units, versus 5.3 million units in 2018, according to an S&P Global Market Intelligence analysis.
via theeconomiccollapseblog The Mainstream Media Admits We Are In “An Auto Recession” – And It Just Continues To Get Worse